Bank of America, the second-largest US lender by assets, expects mergers and acquisitions in the Middle East to increase as cash-rich global companies target investments in the region. The trend is a shift from previous years when activity was mostly limited to sovereign wealth funds and government-related entities targeting overseas deals, Wadih Boueiz, the co-head of corporate and investment banking for the Middle East and North Africa said in an interview this week.
The Gulf region’s sovereign wealth funds, which together control more than US$1 trillion in investments globally, are finding it more “challenging” to deploy capital while interest rates are low and liquidity in international markets increases, Mr Boueiz said...............................................Full Article: Source